Finance

Angry Credit Suisse bankers — Top 100 early-stage investors — Future of proptech

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:

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Credit Suisse’s top bankers are demanding answers from their CEO after the Swiss bank screwed up yet again

credit suisse blunders 4x3

Arnd Wiegmann/Reuters; Skye Gould/Insider

After $8 billion in assets were vaporized at Archegos Capital Management, Credit Suisse’s managing directors are pressing leadership on the firm’s involvement. The Archegos disaster is just the latest in a string of blunders, leaving directors to wonder how executives could let this happen.

Read our exclusive report on Credit Suisse’s appetite for risk.


Credit Suisse’s head of equities trading is stepping down as the bank braces for a huge hit from the Archegos collapse

credit suisse

The logo of Swiss banking giant Credit Suisse is seen on October 17, 2017 in Zurich.
FABRICE COFFRINI/AFP/Getty Images)

Paul Galietto, head of equities sales and trading at Credit Suisse, is stepping down. Get all the details.


JOIN US APRIL 14: What’s next for proptech in 2021?

insider events what's next for proptech 4x3

From left, Osei Van Horne, founding member and Managing Director of the technology practice of Wells Fargo Strategic Capital, Merritt Hummer, partner at Bain Capital Ventures, and Max Simkoff, CEO of Doma.
Wells Fargo; Bain Capital Ventures; Doma; Samantha Lee/Insider

Check out our upcoming panel on April 14 at 2 p.m. ET about the future of proptech featuring experts from Wells Fargo Strategic Capital, Bain Capital Ventures, and Doma. Sign up here.


The Seed 100: The best early-stage investors

seed 100 thumb 2x1

Left to right: Alfred Lin, Kaitlyn Doyle, Michael Seibel, Kirsten Green, Sheel Mohnot, and Ruchi Sanghvi.
Sequoia Capital; TechNexus; Michael Seibel; Forerunner Ventures; Sheel Mohnot; Wikimedia Commons; Skye Gould/Insider

Here’s our list of the top 100 early-stage investors, according to data analysis from Tribe Capital. Check out the full list here.

Also check out list of the 25 best women seed venture capitalists.


Odd lots:

Citigroup seeks longer Revlon fund freeze during appeal over botched payment (Reuters)

Hedge funds weigh prime broking relationships after Archegos fire sale (FT)

Coinbase Independent Directors Have Close Company Ties (WSJ)

Icahn Taps Ex-GE M&A Chief Kekedjian to Lead Firm (Bloomberg)

M&A activity has spiked 94%—and this investment bank CEO sees ‘a big back half’ of 2021 (Fortune)

Auto Loans Get Their SoFi Moment (Bloomberg)

Credit Suisse’s Chin to Depart Following Archegos Fiasco (Bloomberg)

Credit Suisse is reportedly weighing the replacement of high-profile executives, including its risk chief, following Greensill and Archegos crises (Insider)

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